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Healthcare Services Group - $HCSG STOCK NEWS

Welcome to our dedicated page for Healthcare Services Group news (Ticker: $HCSG), a resource for investors and traders seeking the latest updates and insights on Healthcare Services Group stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Healthcare Services Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Healthcare Services Group's position in the market.

News
Rhea-AI Summary
Healthcare Services Group, Inc. (HCSG) reports Q1 2024 results, exceeding earnings expectations with revenue in line. The company achieved revenue of $423.4 million, net income of $15.3 million, and adjusted EBITDA of $28.9 million, showing a 10.7% increase over Q1 2023. Despite a cyberattack affecting cash collections, the company remains confident in meeting its 2024 cash flow forecast. The industry fundamentals are positive, with CMS proposing a 4.1% increase in Medicare rates for fiscal year 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.11%
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News
Rhea-AI Summary
Healthcare Services Group, Inc. (HCSG) reports strong Q4 results with revenue of $423.8 million, exceeding earnings and cash flow expectations. Adjusted EBITDA increased by 14.2% over Q4 2022. The company achieved 98% cash collections and managed costs effectively. The CEO is optimistic about growth in 2024 amidst industry recovery.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
27.17%
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Rhea-AI Summary
Healthcare Services Group, Inc. reports Q3 2023 results with revenue of $411.4 million and adjusted revenue of $424.0 million. Net income and diluted EPS show an increase compared to Q3 2022. The company raises expectations for cash flow from operations for the second half of 2023. The CEO highlights progress in managing costs, strong cash collections, and organic growth strategy execution.
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Rhea-AI Sentiment
End-of-Day
-9.49%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.5%
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Rhea-AI Impact
Rhea-AI Sentiment
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7.49%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.12%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.19%
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-16.22%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
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19.94%
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Healthcare Services Group

Nasdaq:HCSG

HCSG Rankings

HCSG Stock Data

787.28M
68.78M
0.93%
104.86%
4.01%
Janitorial Services
Administrative and Support and Waste Management and Remediation Services
Link
United States of America
BENSALEM

About HCSG

our goal is to provide the best service in the industry a health care facility derives many benefits from operating a spotlessly clean, aesthetically pleasing environment. our staff is thoroughly trained to perform housekeeping, laundry, linen, facility management and food responsibilities with skill and sensitivity. stringent quality-assurance standards insure that a facility will receive the most professional services in the industry. develop a strong and well coordinated management team the key to our client retention rate and orderly geographic expansion has been our ability to assemble the finest group of managers in the industry. clients, who receive daily support from on-site management, are also actively support by a company district manager who is in close proximity to the client. the development of experienced management back-up is reassuring to owners and administrators. reducing client costs while improving overall quality is a most challenging assignment. this objectiv